It’s important to do some research before buying a car. A major issue among most first-time buyers is the tendency to overlook its depreciation rate. There is no shortage of otherwise great cars that just seem to be going through the natural process of reduction in value. It’s really just a question of are you in the buying or selling market? If you’re looking to buy, these models are well worth their new prices. But you should take into consideration the accumulating depreciation rate. And then again, you might be looking to sell your car. In that case, it might be a bit discouraging to know that your car isn’t nearly as valuable as it once was. But then again, regardless of how cars will inevitably go down in value, there’s always a market for them. And there will always be someone ready to buy. So that said – is your car on this list?
Jaguar is one of those brands associated with luxury, and the XF is no exception. The base version of the XF model started at $50,000, but many buyers opted for the $60,000 version to get some extra features.
This was back in 2009, though, and while Jaguars are more or less considered “good buys” in terms of their depreciation value, these days you can pick up a 2009/10 model for about $15,000 (even less). So if you’re looking for luxury on a budget – here’s your answer.
The Nissan Maxima is a bit of a wonder in terms of why the car depreciated so quickly. It could be a lack of demand. Regardless, the original 2016 model had some impressive features, including a 300 hp v6 engine, some really cool technology, and a 3-year warranty.
The original model was priced at around $32,000 but today, you can pick one up for around $20,000, which means you saved $10,000 on a car that even still has its factory warranty. Not too shabby.
Do you have or want to buy a VW Passat? What you need to know about the car is next…
Since the whole emissions test scandal that VW fell into recently, a lot of their cars’ models were recalled. And on top of that, the negative press about the automobile brand naturally caused their prices to drop. So this one is no mystery.
All that means that the VW Passat, a regular mid-sized family sedan that retailed for $25,000 in 2014, can now be purchased in relatively good condition for a rather low price of $12,000-$13,000. That’s not bad for those looking for a first-time family car.
The Dodge Magnum isn’t necessarily the nicest looking car, but some seem to love how this modern version of a station wagon looks. Its solid build, rear-wheel drive and ample space in the back are features of the car’s purpose: comfort and space.
But it turned out that it suffered in sales due simply too large amounts of other SUVs on the market that were both better priced and better looking. You can now buy a second-hand Dodge Magnum for around $7,000.
See which Lincoln model is not as valuable as it once was…
The Lincoln MKZ was originally meant to be a luxury sedan, yet it fell just a bit short. The car didn’t end up being luxurious enough for its price range (and competing with other more expensive but far more luxurious models).
The MKZ was a lot less powerful than the others as well. This model had poor sales when released and since then, the price has dropped significantly from $36,000 down to way less.
When the Cadillac XTS was released, it didn’t achieve the great driving dynamics of the Cadillac ATS and CTS. It also failed to meet the opulence of the CT6, making it something akin to the black sheep of the family.
Because of that, the 2013 model is being sold for about half the price! So for buyers, it’s a good price, but when you eventually become a seller, you might not be so happy with the selling price.
The next car is definitely worth a second-hand buy…
The Mazda 6 tends to be a popular and reliable family sedan and isn’t bad looking either. These days, you can get a 2010 model for about $8,000 because of the mere amount that 8 years’ worth of depreciation can have on a car.
The benefits of a Mazda are reliability and good performance despite having aged a little. So if you’re looking for a decent second-hand car, or looking for your first family sedan, this is a good place to start.
The Hyundai Genesis is a different kind of model – caught between a sporty coupe and a family car. This could be the reason why the car never really appealed to the general population. And Hyundai even created it to compete with the successful Ford Mustang and Dodge Charger.
Since it failed to impress, this otherwise great car is currently going for around $8,000 to $9,000, which is a whole lot lower than its original $27,000 price tag.
Can you guess which BMW series went down in value?
The BMW 7 Series is a well-known luxury car that is loved by many. But many mass-market luxury vehicles tend to suffer from large-scale depreciation over periods of time because they either cost too much at first or because they end up becoming leased vehicles.
So even waiting 3 years after a car’s release can save you around 32% of the initial retail price. You can buy one of these 2010 models for about $23,000 these days. For a 7 series, that’s pretty cheap.
The Audi A6 was seen as a good quality medium sized luxury sedan, earning quite a good reputation for itself in the years after its release. The A6 has its share of cool features and even includes the 4-wheel-drive system that comes with the Quattro version.
When the A6 was released, it sold for $50,000, but nowadays you can find one of these for somewhere around $15,000. That’s a lot less than the original price if you ask us.
The Cadillac SRX is a great car. The only problem is that it’s a tad too expensive! The car has its sleek and stylish interior as well as many other nice features, including a 265 HP engine for some steady long-distance cruising.
Today, you can find versions of the SRX model for around $15,000, which if you think about it is a steal. It’s a car worth purchasing if you see yourself with it for at least a few years.
A Volvo model is next and it’s a lot cheaper than it was originally…
Volvo luxury sedans are sort of left on the sidelines in American markets. While SUVs tend to do pretty well, these otherwise good sedans are inclined to depreciate in value much faster than expected.
The 2010 S80 model’s original cost was $45,000 but can now be picked up for as low as $11,000, which is also something of a steal. So if you’re looking for a safe and reliable car, the S80 is probably a good choice.
Audis are generally well-known for being high-quality, ultra-luxury and even fast-moving. The Audi A8 is one of their sedans that has a good reputation too. The Quattro version is known for its high performance and fancy features, packing an impressive 372 HP engine.
When the A8 first arrived, the retail price was around $80,000 but since then, the value has depreciated substantially and you can get some models in great quality for somewhere between $30,000 and $40,000.
Do you have a Maybach? See what you need to know, next…
The Hummer H2 might not shock you for being a depreciated car these days. It was once one of the most daring cars on the road. If you don’t mind the whole gas guzzling SUV concept, then a Hummer might be on the top of your list.
When they were first released, the hefty price tag was roughly $60,000 off the lot. But with the power of depreciation (as well as the incredibly high cost of gas), you can pick one up for around $20,000 now.
Maybachs are known for their top-of-the-line luxury sedans and seem to be reserved for wealthy buyers. But that doesn’t mean you can’t get your hands on one.
The issue with luxury sedans is they can depreciate in value quickly considering that there are only so many super wealthy people in the world who can actually afford them. So you might even find a 2010/11 model that originally cost $400,000 for a much lower price of $60,000 (maybe even $50,000).
The Chrysler 300C was a rebirth of the classic American luxury sedan, referred to as the classic ‘gangster car’ for its muscular and stylish appearance. The car has its impressive features like a powerful V6 or V8 engine and fashionable interiors.
The 2005 model is cheap in today’s standards, but you can find a slightly newer 2009/2010 version for around $20,000. If you want a nice blend of style and performance, the 300C is a good choice.
Lexus is next, and you’d be surprised how much the next model went down in price!
The GS was praised for being stylish, luxurious and for being a great performance vehicle. The car became a favorite in the luxury sedan category and the re-releases of the model also garnered acclaim and support.
That said, the 2010 version of the car which originally sold for $50,000 was considered fair for what it offered. But today, you can pick one of up for around $15,000. Talk about a price drop!
When it came out, the Acura ZDX was somewhat of a flop, only being on the market for 4 years. The car was meant to usher in the new low back, sporty style that was popular with SUVs for a while but failed to impress the market.
While the car does have its good features and it performs well, the lackluster style when compared to other SUVs in the same price range, means the cost went down by a lot. You can now pick one up for $13,000.
Remember Hummers? Their decrease in value might not be a surprise…
Yes, even Mercedes is on the list! See which model, next…
Mercedes is another brand known for its luxury. When the company released the CL-Class, they were intending for it to be in line with the rest. The car is essentially a Gran Turismo coupe, but can comfortably seat up to 4 people.
It also has some impressive luxury features that make long-distance driving a real pleasure and it’s pretty fast too. When released, it sold for $100,000. But recently, models in good condition have been sold for about $25,000.
Another Mercedes model going down in value is the Mercedes SL, which was initially intended to be the German equivalent of the Aston Martin Vantage. This ‘need-for-speed’ roadster packed a powerful punch with a 283 HP engine and sleek styling.
Unfortunately, however, this car was priced at $120,000 which is pricey for the average driver. Over the past decade, depreciation has done its job once again and you can find a good quality model for about $30,000 quite easily.
See yet another Mercedes that’s going down in value, next…
The S-Class is a luxury car that house outdone its competition. Because of this, new models are sold at a high price as the appeal is fresh.
However, even 4 or 5 years after the car’s release, you’ll save close to 36% of the initial price due to depreciation. If you’re tempted to buy immediately, it’s recommended to wait a little while and you can save a decent amount of money!
Chrysler has made its way to the list. See which model, next…
The Chrysler Aspen is a tough and rugged SUV that has aged pretty well over the years. The car has some decent features for its price range and is reliable as it was built to last. The 2009/10 model sold for around $40,000 but today it’s going for close to $12,000.
This is good news for those looking for a durable and practical SUV at a reasonable price, especially if you like to do a lot of off-road driving.
The Jeep Commander is another tough, practical SUV that’s suitable for off-roading. It’s got everything you need to take it off the beaten path yet it’s also stylish enough to blend in when you’re back in the suburbs or the city.
The cost of maintaining a car like the Commander can lead to steady depreciation over the years, and so these days, you’ll end up finding a great quality second-hand model for around $10,000.
Even the Aston Martin is suffering from depreciation. See how much, next!
When you hear the name Aston Martin, you probably think of high-speed luxury cars, maybe even James Bond. However, the truth of the matter is that most Aston Martins after roughly 5 or 6 years, they depreciate in value significantly.
So if you can be willing to wait a while (a few years), you can find some pretty amazing deals. Nowadays, the originally priced $120,000 V8 Vantage can be found for a much more reasonably priced $35,000.
The five-door sedan has won its share of awards since it was first released. It might be Nissan’s most successful ventures in the world of electric cars. But despite that, the price really plummeted on resale value.
The amount of Leafs that have been leased doesn’t contribute to its resale value. There are also over $7,000 in tax credits that doesn’t go well if you want to sell it. For a buyer, it’s a pretty good choice for an electric car.
One of the ‘Transformers’ cars is next. Wanna guess which one?
The Camaro’s depreciation rate is very high — one of the highest on this list. It’s actually the same model of the Bumblebee car in the ‘Transformers’ movies. Now you can also own one for a significant mark off on the price.
It’s in its 6th generation and features unique parts that aren’t shared by any other car. Yet it loses about $8,000 a year on average! Motor Trend named it as their “Car of the Year” in 2016.
The Yukon is one of the most popular SUV vehicles in America, hands down. They’re tough and built to last, with all the comfort you need for long-distance journeys. And it’s perfect for transporting your kids safely.
You can pick up one of the 2010 – 2013 models for around $15,000 and second-hand dealers will probably give you an even better price!
Do you know how much a Mini Cooper goes for these days? See the next car…
The Mini-Cooper is one of the most iconic hatchbacks seen on the road. It’s a very popular car all over the world. People mistakenly assume that the car is best suited for England, but models are frequently converted and sold for the American market.
As a result of the influx, you can get a secondhand model (2014 or 2015) for around $10,000, which is a bargain when you consider the high cost off the shelf.
The Hyundai Sonata isn’t one of the best looking 4-door sedans on the roads these days, but they have some great features, MPG ratings, and cost-effective.
Today, Sonatas can be found at most second-hand dealers in the country and the average price for a 2014 model is $9,800 to $16,000. However, don’t pay more than $11,000 before reviewing a few other cars first.
The Ford Mustang has always been a good bargain for performance enthusiasts. With a dream-like V8 engine, the Mustang GT is full of value. Ford seems to be dishing out new generations at a quick pace.
The previous models are a great addition to anyone’s collection. You can find a second-hand Mustang on sale for a price of $10,000. Not bad compared to the original price of $35,000.
If you’re a Nissan fan and would rather go for this company instead of brands like Honda and Toyota, then the Nissan Rogue SV is a good way to go. It’s an ideal model for those who like sporty cars.
The price went down by five percent after a dramatic change in the car’s design.
We’ve all seen the next car on the road, and although some may laugh at its appearance, it has its features…
You’ve seen it parked in the tiniest spots that regular cars just can’t squeeze into. That’s definitely one of its greater selling points. The Smart Fortwo break all the rules, and now the price is doing the same.
While it’s surely a convenient vehicle, there are reasons why people haven’t been been buying: big families in need of big spaces. The value has gone down, but it’s still a great option for the city-dweller.
The 4-door sedan was created with the intention of providing comfort and style in America’s demanding driving conditions. It has a 170 HP engine and an all-wheel-drive system that gives you control of your vehicle in off-road terrain or on wet pavement.
When it was first released, the Legacy cost around $27,000. However, nowadays, if you look around, you’ll find one for $10,000.
Chevrolet’s longest-running Sedan, the Impala, is actually on its way out of production. The full-sized vehicle has stopped being made and as a result, Chevy wants them sold, and you can tell by their prices.
A long-time American favorite, the Impala today still gives you the choice of its economical 4-cylinder or more powerful 6-cylinder engine, with the LS and the LT offering different kinds of new features.